ASHTF News and Press, Ashtead Group Plc From 02/22/23

Summary Ashtead has seen a strong price rise in 2023 so far, far outpacing the S&P 500 index. Its upcoming results could bolster it further. The construction equipment rental provider has already seen robust growth, and its outlook is healthy too. It also has a record of beating exp...

Summary Gardner Russo & Quinn’s 13F portfolio value increased from $8.27B to $9.06B. Russo increased Netflix while reducing Unilever during the quarter. The top three 13F stakes are Berkshire Hathaway, Nestle, and Mastercard. They add up to ~40% of the portfolio. ...

Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The International Growth ACWI ex-US Strategy takes ...

Summary Herc Holdings is a profitable, inflation resistant business that is supported by strong tailwinds. Being placed as one of the top three industry players gives HRI a moat over its smaller competitors. HRI is led by an experienced management team that has proven that they know...

Summary One trend in these firms is growth creation through acquisitions. One example of public LBO firms we have in the portfolio is Ashtead Group plc. The runway for growth through penetration is long. Given a conservative projected EPS growth of 10% per year, Ashtead should t...

Summary The Bonhoeffer Fund, LP, is a value-oriented investment partnership. The fund's objective is to grow capital at a faster rate than market indices over full market cycles and provide minimal. The Bonhoeffer Fund returned -13.7% net of fees in the third quarter of 2022. In a d...

The following slide deck was published by Ashtead Group plc in conjunction with their 2022 Q2 earnings call. For further details see: Ashtead Group plc 2022 Q2 - Results - Earnings Call Presentation

Ashtead Group plc (ASHTF) Q2 2023 Earnings Conference Call December 6, 2022, 5:00 AM ET Company Participants Brendan Horgan - Chief Executive Officer Michael Pratt - Chief Financial Officer Will Shaw - Director, Investor Relations Conference Call Participants ...

Summary Gardner Russo & Quinn’s 13F portfolio value decreased from $8.94B to $8.27B. Russo increased Netflix and Ashtead Group plc while reducing Comcast and dropping Alibaba Group Holdings during the quarter. The top three 13F stakes are Berkshire Hathaway, Nestle,...

Summary Ashtead Group (ASHTF) is dual listed on LSE and NYSE. An equipment rental market leader with a U.S., U.K. and Canada based international store network. 60% of revenue now sits outside of non-residential construction, leading to less cyclicality. Solid balance sheet...